Showing 31 - 40 of 226
This paper formulates a theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a consistent view...
Persistent link: https://www.econbiz.de/10011083543
RAND commitments - i.e., promises to license on reasonable and non-discriminatory terms - play a key role in standard setting processes. However, the usefulness of those commitments has recently been questioned. The problem allegedly lies in the absence of a generally agreed test to determine...
Persistent link: https://www.econbiz.de/10005791937
differences between types are due to differences in the beliefs about the fairness of the market system, rather than differences …
Persistent link: https://www.econbiz.de/10005792214
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful … of a series of experiments. Furthermore, our results suggest that the existence of fair actors may be an important reason …
Persistent link: https://www.econbiz.de/10005792499
The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...
Persistent link: https://www.econbiz.de/10005124189
division of rents. Interestingly, these two distinct methods suggest a similar benchmark for evaluating FRAND licenses, but …
Persistent link: https://www.econbiz.de/10005504215
consumers dislike pricing schemes that vary prices more but that they are willing to trade off price variation and rationing …. Surprisingly, they are not willing to trade off an increase in price variation for a decrease in expected prices. We discuss the …
Persistent link: https://www.econbiz.de/10005504691
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property … of inequity aversion that focuses on the interaction between selfish and fair players. …
Persistent link: https://www.econbiz.de/10005504775
Pricing schemes that vary prices in response to demand shocks may antagonize consumers and reduce demand. At the same time, consumers may take advantage of the opportunities offered by price changes. Overall, the net impact of varying price on demand is ambiguous. We investigate the issue...
Persistent link: https://www.econbiz.de/10005656358
exclusively based on preferences over the distribution of material pay-offs. Models that take into account players’ fairness …
Persistent link: https://www.econbiz.de/10005661687